The following story has since been downgraded a bit by some reports, yet even the best case scenario has them buying up 35% of the BTCs minted since the halfing.
https://www.newsbtc.com/2020/05/28/institutional-fomo-bitcoin-supply-btc/
The following story has since been downgraded a bit by some reports, yet even the best case scenario has them buying up 35% of the BTCs minted since the halfing.
https://www.newsbtc.com/2020/05/28/institutional-fomo-bitcoin-supply-btc/
35% is a huge chunk, no wonder the price hasn't fallen off since the halving which normally happens. The majority of liquid BTC that moves anyway lives in exchange wallets too, I won't be surprised if those buying don't manage their own crypto and its sitting with someone ready to exit scam, plenty of rich folk getting into BTC could be scammed, Not your keys not your crypto!